Do you know what performance audit is?

Performance audits are independent reviews of government funded organizations.
They assess whether organizations are undertaking their functions efficiently, effectively and economically.

Performance audit seek to express an opinion on how economically, efficiently or effectively an organisation undertakes its functions.It aims to add value and improve the performance of an organisation.
However it can be applied in any organisation not just the government related

Performance audit refers to an independent examination of a program, function, operation or the management systems and procedures of a governmental or non-profit entity to assess whether the entity is achieving economy, efficiency and effectiveness in the employment of available resources.